U.S. inflation rose 2.6% in October, a month after Fed's first rate cut
That matched forecasts from economists polled by FactSet that the Consumer Price Index rose 2.6% in October. The CPI rose 2.4% in September, when the Fed ushered in a jumbo rate cut of 0.5 percentage points, followed by a second rate cut this month.
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After graduating with a journalism degree from SUNY Oswego, he wrote credit card content for Credit Card Insider (now Money Tips) before moving to ZDNET Finance to cover credit card, banking and blockchain news.
October CPI inflation up 0.2% to a 2.6% annual rate, meeting expectations
Consumer Price Index inflation increased 0.2% in October for an un-adjusted annual rate of 2.6%, meeting expectations, according to the Bureau of Labor Statistics.
Inflation rises 2.6% in October, in line with expectations
Inflation rose slightly in October in line with economists' expectations, as the consumer price index was up 2.6% from a year ago and 0.2% compared with last month.
Inflation Picked Up in October; CPI Up 2.6% on Year
The Labor Department on Wednesday reported that consumer prices in October rose 2.6% from a year earlier. That marks a pickup in the pace of inflation from September, when prices were up 2.4% on the year.
CPI Inflation Was 2.6% In October—Rises For First Time Since March
Consumer prices have jumped more than 20% since Dec. 2020, working out to over 5% annualized inflation under the Biden administration.
Inflation rose to 2.6% in October in first increase in six months
Inflation rose two-tenths of a percentage point to 2.6% for the year ending in October, the Bureau of Labor Statistics reported Wednesday in an update to the consumer price index, the first rise in annual inflation in six months.
US consumer inflation picks up to 2.6% in Oct
U.S. consumer prices rose by 0.2% in October, marking the fourth consecutive month of increase at this rate. This trend signals a slowdown in the progress against inflation, potentially impacting the Federal Reserve's interest rate decisions in the coming year.
Inflation soars to 14-month high of 6.2 percent in October
Retail inflation breached the Reserve Bank’s upper tolerance level, soaring to a 14-month high of 6.21 per cent in October mainly on account of rising food prices. Inflation based on the consumer price index (CPI) was 5.
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